Spectral AI, Inc. (NASDAQ:MDAIW) Sees Large Decline in Short Interest

Spectral AI, Inc. (NASDAQ:MDAIW) saw a large drop in short interest during the month of December. As of December 31st, there was short interest totaling 3,427 shares, a drop of 45.7% from the December 15th total of 6,309 shares. Based on an average daily trading volume, of 9,775 shares, the days-to-cover ratio is currently 0.4 days. Based on an average daily trading volume, of 9,775 shares, the days-to-cover ratio is currently 0.4 days.

Spectral AI Trading Up 13.6%

Shares of NASDAQ MDAIW traded up $0.06 during midday trading on Thursday, hitting $0.51. The company’s stock had a trading volume of 3,238 shares, compared to its average volume of 13,404. Spectral AI has a 1-year low of $0.22 and a 1-year high of $1.01. The firm’s fifty day moving average price is $0.46 and its 200-day moving average price is $0.64.

About Spectral AI

Spectral AI Acquisition Corp I is a special purpose acquisition company (SPAC) incorporated in Delaware, trading on the NASDAQ under the ticker MDAIW. The entity was formed to raise capital through an initial public offering for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses, with an emphasis on companies operating in the artificial intelligence and advanced data analytics sectors.

The company’s strategy centers on identifying and completing a business combination with a target that can benefit from its public listing and access to growth capital.